Pro Farmer's Daily Advice Monitor

Pro Farmer Daily Advice Monitor
Pro Farmer Daily Advice Monitor
(Farm Journal)

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  • March 18: No changes.
  • March 15: No changes.
  • March 14: No changes.
  • March 13: Extend feed coverage. Details below. 
  • March 12: No changes.
  • March 11: No changes.

 

*Note: Check below daily to see if we recommend catch-up sales for individual markets.

Corn

 
Cash-only marketers 2023 crop: 35% sold
Hedgers — cash sales 2023 crop: 50% sold
Hedgers — futures/options No position. 
Wait on an extended rally to get current or advance 2023-crop sales.   

Soybeans

 
Cash-only marketers

2023 crop: 50% sold

2024 crop: 10% sold

Hedgers — cash sales

2023 crop: 55% sold

2024 crop: 10% sold

Hedgers — futures/options No position.
Get current with advised sales.  

Wheat

 
Cash-only marketers

2023-crop: 70% sold. 

2024-crop: 20% forward sold.

Hedgers — cash sales

2023-crop: 70% sold. 

2024-crop: 20% forward sold.

Hedgers — futures/options No position
Use any extended price strength to get current with advised sales.   

Cotton

 
Cash-only marketers

2023 crop: 90% sold

2024 crop: 25% forward sold for harvest delivery

Hedgers — cash sales

2023 crop: 90% sold 

2024 crop: 25% forward sold for harvest delivery

Hedgers — futures/options No position
Get current with advised sales.    
Livestock  

Cattle

 
1st qtr. 2024 0%
2nd qtr. 2024 0%
3rd qtr. 2024 0%
4th qtr. 2024 0%
Fed cattle producers should continue to carry risk in the cash market.    

Hogs

 
1st qtr. 2024 0%
2nd qtr. 2024 0% 
3rd qtr. 2024 0%
4th qtr. 2024 0%
Carry all risk in the cash market but be prepared to add spring hedges.   

Feed

 
Corn  
1st qtr. 2024 100%
2nd qtr. 2024 33%
3rd qtr. 2024 0%
4th qtr. 2024 0%
You should have all corn-for-feed needs covered in the cash market through April.   
Meal  
1st qtr. 2024 100%
2nd qtr. 2024 33%
3rd qtr. 2024 0%
4th qtr. 2024 0%
You should have all soymeal needs covered in the cash market through April.   

 

 

Latest News

After the Bell | March 18, 2024
After the Bell | March 18, 2024

After the Bell | March 18, 2024

Pro Farmer's Daily Advice Monitor
Pro Farmer's Daily Advice Monitor

Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.

Weekly wheat and soybean inspections drop on the week; corn holds steady
Weekly wheat and soybean inspections drop on the week; corn holds steady

Weekly wheat and soybean inspections during the week ended March 14 fell 164,665 MT and 98,672 MT, respectively, from the previous week. Meanwhile, corn inspections rose nearly 73,000 MT.

Monday Morning Wake Up Call | March 18, 2024
Monday Morning Wake Up Call | March 18, 2024

Corn and wheat futures are higher this morning with soybeans working to the upside. Livestock futures are higher to start the week...

Markets, Traders Coming Around to ‘Higher-for-Longer’ Regarding Interest Rates
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Chart Trends | March 18, 2024
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Short-term trend turns bearish in SRW wheat.